Geopolitical risk remains part of the oil-price equationThe technical breakout is unfolding against continued uncertainty over Iran and shipping through the Strait of Hormuz. For oil traders, continued economic pressure and restricted shipping conditions can preserve a geopolitical risk premium even without an immediate military escalation. Oil price forecast: Levels traders should watchThe near-term technical map centers on $82.55 resistance and $81.90–$82.00 support. Crude oil predictionSome of you oil traders are already in Long and have enjoyed the recent rally. This oil price analysis and forecast opinion is for informational purposes and does not constitute investment advice.